September 27, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.7% in negative at 10978
- AD was 5:13

- have markets bottomed out in short term?

5 min charts:
- did not trade today as risk is not in my favour and
- had a lunch function to attend

- now the charts
- break of rectangle is sell signal
- but this is close to previous day low (long line)
- note that the line broke eventually but there was lot of buying
- also note that while buying was weak there was not much selling also

- this may mean limited downsides and high chances of pullback rally

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